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Alfa sells equity to capitalise on Mexican oil and gas boom

21st October 2014

Mexico’s Alfa, a company with a wide portfolio of businesses, is to raise capital in order to invest in Mexico’s burgeoning private oil and gas sector brought about by the country’s recent energy reform legislation

Alfa sells equity to capitalise on Mexican oil and gas boom
'We intend to capitalise on opportunities created by Mexico’s energy reform and leverage our experience in shale gas, conventional exploration and production, and power generation and commercialisation' - Alfa chairman

Alfa has called a general extraordinary shareholders’ meeting to approve a potential capital increase through the issuance of new shares to be placed among the investment community.

“We intend to capitalise on opportunities created by Mexico’s energy reform and leverage our experience in shale gas, conventional exploration and production, and power generation and commercialisation,” said Armando Garza Sada, Alfa’s chairman.

The meeting will take place on November 4, 2014.

“The approval of this equity increase will provide us with significant financing flexibility to opportunistically raise capital when we deem it appropriate,” said Alvaro Fernández Garza, Alfa’s president.

“We also retain the ability to access other financing options, as we consider future investments.”

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